Hello everyone 😃
Now BTC has reached the rejection zone one more time !
It's the 2nd attempt to break the daily EMA20 and the 5th attempt to break the . ( zone )
Market is suggesting the confirmation for a breakout with recent candles;
But the is rejecting it.
didn't moved according to the scale of mounted units.
So there should be a holding level here !
I'll set my target above the daily EMA20 to 42K level, ( Need to hold above $38,200 ).
As we are in current ; You can think about SHORTs but it's not safe at all !
You have to set your SL above the master candle's shadow...
On other side, If current daily candle closed at ~$37300, I will think about the possible Order block to set the 16th June possible line.
So you need to watch the levels till next day's open; Then you can have use the daily candle to recognize the most possible movement !
At the end I can suggest the 41K retest before the minor dive to ~27K level.
Above suggested levels, I will search for 49K or more if market confirms the structure for any leg up.
So you won't the market, Don't FOMO into it !
You will gain 10% more or less..
Don't risk your portfolio on edges.
📍 Also for scalpers, I can suggest an entry around ~27.1K with SL below ~26.2K ( If market gives the chance for it )
💹 For now, Only watching the daily level to close at ~37.3K and the hourly charts for a rejection or breakout above mentioned levels...
On USDT.D's chart :
We just have the rejection here, I'm scared that I made this analysis so late..
But it's kinda formed a here !
So have to be very careful with that...
Have a great night and trades 🥂✨
I will share another chart for BTC at 16th June !
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Have a good day!
So Just missed the breakout here..
Now yet, Nothing changed still searching for a SHORT at ~42K.
Have to play it safe for now !
Everything mentioned on chart.